Crew Capital Management Thoughts on Investment

Welcome to the Crew Capital Management Thoughts on Investment blog. At Crew Capital, investment education is key to how we work with our clients. We hope our conversation and analysis entice you to think further on your investment strategies and planning. For further discussion, please contact us at rjung@crewcapital.com

Thank you!
Robert F. Jung, CFA CPA*

*CPA inactve

Wednesday, October 19, 2011

New Research Challenges 4% Withdrawal Rule



"New, award-winning research shows some people might be able to spend more in retirement, says a professor who recently published his own controversial paper that says retirement planning should focus on savings rates rather than withdrawal rates.

This is illustrated in the new research article, “Determining Optimal Withdrawal Rates: An Economic Approach,” by Duncan Williams and Michael Finke of Texas Tech University. The article appears in the Fall 2011 issue of the Retirement Management Journal, and it won the journal’s Academic Thought Leadership Award. Williams and Finke find that an aggressive retiree with a $1 million nest egg and a guaranteed Social Security income base of $20,000, could actually maximize their utility with a 7 percent withdrawal rate. So much for the 4 percent rule!"

Article Link

Source: www.fa-mag.com/online-extras/8890-new-research-challenges-4-withdrawal-rule.html
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